Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Relau *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed

Landed

Commercial

Avg Transacted Price

Avg Transacted Price(Psf)

Avg For Sale Listing Price

Avg For Sale Listing Price(Psf)

Avg For Rent Listing Price

Avg For Rent Listing Price(Psf)

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Relau is one of the more popular but smaller districts in the state of Penang. It is located further south of the island, and is neighboured by Bukit Jambul to its north and Bayan Baru to its south. As with the many towns on the island of Penang, Relau is also situated on elevated land and is surrounded by mountains.

Relau is another one of the very old and established townships of Penang, and comprised mainly of agricultural land until the early 1980s. However due to the growing lack of land on the Penang island and an increasing need for of residential developments then, the lands began to be cleared for development.

Relau is mainly a residential township that comprises of medium cost developments. There are shops that cater to all the residents’ needs, and situated in the middle of town is the Metropolitan Park built by the local authorities.

Being a township that existed before the wars, Relau does indeed has it fair share of old and historical buildings. In fact its most famous building until its massive rush of development was the Relau Villa that was built by the last Kapitan Cina of Perak. This once famous building is however, very sadly, in a dilapidated state today.

Being a medium-cost focused township, Relau is popular with the locals for affordable homes and a serene environment. It is a township that is famous for its natural beauty in the rolling green hills. But what attracts locals and tourists to this township is its many fruit orchards.

Of the variety of fruit orchards available, there are durian, mangosteen, duku langsat, dokong and cempedak orchards. Some of the fruits are seasonal, and the most highly most sought after species of durian, the Musang King can be found here.

Relau is a very conveniently located township. It is situated approximately only 20 minutes away from Georgetown, the capital of Penang, and the Penang International Airport is very near at an approximate 10-minute drive. Even more convenient is the location of both the Penang bridges, where both the old and the new ones are only 10 minutes away in clear traffic.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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